This home is also a short sale. This means that the owner is unable to sell the home for the full amount due on their mortgage note. Lenders are becoming more and more accepting of this reality, though it can take anywhere from 2 to 8 months to complete. How cumbersome this process is will depend upon who the investor is (who holds the mortgage note), how many mortgages there are, and how organized and prompt the seller is with getting their short-sale package (detailed information) to their investor(s).
For more information on short sale, please click the link below.
A quad-level is a tri-level with a basement under the entry level, so there are four floors.
Kim Foster is an experienced listing agent so I have no idea why she has it listed as a tri-level. I also don't understand why her managing broker wouldn't have corrected it.
Please understand that you can contact Kim, but she has promised the seller to get the best possible terms for them. She would either be working with you as a seller's agent or working as a dual agent. (Dual agency is legal in Michigan but it must be disclosed to both the seller and the buyer because it is a dramatically lower level of service.)
The home is a little rough but the area is very nice and the home could be cleaned up with some work. It is large, with the addition on the rear.
Our office represents buyers and buyers only. We never represent sellers so we can avoid the obvious conflicts of interest. Never dual agency or designated agency. We are 100% loyal to buyers.
Good luck with whatever you decide.
Would you like to see the home?.... I'd be happy to help you locate other opportunities as well.